Helmerich & Payne vs Patterson-UTI Energy
Add, change or remove companies; up to four.
The short version
- Patterson-UTI Energy is the larger business, with $4.8B of revenue in fiscal 2025 against $3.7B for Helmerich & Payne.
- Helmerich & Payne grew revenue faster (35.9%, against −10.3%).
- Helmerich & Payne kept more of each dollar of sales as operating profit (0.1% operating margin, against −0.9%).
- Patterson-UTI Energy turned more of its sales into free cash flow (7.7% FCF margin, against 3.1%).
- Helmerich & Payne earned a higher return on the capital invested in it (0.1%, against −0.8%).
| Latest fiscal year | HP · FY25 | PTEN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.9B | $4.6B |
| Revenue | $3.7B | $4.8B |
| Free cash flow | $117M | $372M |
| Net income | −$164M | −$93.6M |
| Growth | ||
| Revenue growth | 35.9% | −10.3% |
| 5-year growth | 16.1% | 33.8% |
| Share count change | 0.2% | −3.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 0.1% | −0.9% |
| Net margin | −4.4% | −1.9% |
| FCF margin | 3.1% | 7.7% |
| Return on capital | 0.1% | −0.8% |
| Return on equity | −5.7% | −2.8% |
| Balance sheet | ||
| Net debt | $1.8B | $822M |
| Net debt / EBITDA | 2.9x | — |
| Dividends and buybacks | $101M | $192M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | 4 | 6 |
Revenue
FY16
HP $1.6B
PTEN $916M
FY17
HP $1.8B
PTEN $2.4B
FY18
HP $2.5B
PTEN $3.3B
FY19
HP $2.8B
PTEN $2.5B
FY20
HP $1.8B
PTEN $1.1B
FY21
HP $1.2B
PTEN $1.4B
FY22
HP $2.1B
PTEN $2.6B
FY23
HP $2.9B
PTEN $4.1B
FY24
HP $2.8B
PTEN $5.4B
FY25
HP $3.7B
PTEN $4.8B
HP
PTEN
Operating margin
FY16
HP −1.6%
PTEN −49.8%
FY17
HP −9.4%
PTEN −12.4%
FY18
HP 1.3%
PTEN −9.7%
FY19
HP 0.7%
PTEN −18.7%
FY20
HP −35.0%
PTEN −79.4%
FY21
HP −35.2%
PTEN −49.9%
FY22
HP 2.2%
PTEN 8.0%
FY23
HP 19.8%
PTEN 8.5%
FY24
HP 16.6%
PTEN −16.5%
FY25
HP 0.1%
PTEN −0.9%
HP
PTEN
Free cash flow
FY16
HP $497M
PTEN $185M
FY17
HP −$26.4M
PTEN −$266M
FY18
HP $91.3M
PTEN $89.2M
FY19
HP $397M
PTEN $349M
FY20
HP $398M
PTEN $133M
FY21
HP $54.3M
PTEN −$70.8M
FY22
HP −$17.0M
PTEN $129M
FY23
HP $438M
PTEN $390M
FY24
HP $190M
PTEN $497M
FY25
HP $117M
PTEN $372M
HP
PTEN
Return on capital
FY16
HP −0.5%
PTEN −11.8%
FY17
HP −3.3%
PTEN −6.1%
FY18
HP 0.8%
PTEN −5.5%
FY19
HP 0.4%
PTEN −9.1%
FY20
HP −13.4%
PTEN −22.3%
FY21
HP −11.2%
PTEN −21.2%
FY22
HP 0.8%
PTEN 8.3%
FY23
HP 14.0%
PTEN 6.8%
FY24
HP 9.2%
PTEN −13.5%
FY25
HP 0.1%
PTEN −0.8%
HP
PTEN
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.